Zepto Secures SEBI Nod for $1.2 Billion IPO, Moves Closer to Listing

Zepto has received in-principle approval from Securities and Exchange Board of India for its proposed IPO.
The company is currently in the “testing the waters” phase, where it is engaging with institutional investors to assess demand, valuation, and market appetite.
Zepto had earlier filed confidential IPO papers, aiming to raise around $1.2 billion (~₹11,000 crore).
Final IPO filing will be done after investor feedback is incorporated, post which the company will seek formal clearance from SEBI.
The company had already secured shareholder approval for the IPO in December, positioning it among the youngest startups to go public in India.
Zepto has appointed multiple investment banks including
- Morgan Stanley
- Axis Capital
- HSBC
- Goldman Sachs
- JM Financial
- IIFL Securities
- Motilal Oswal
  to manage the IPO process.
The company shifted its domicile from Singapore back to India earlier this year, aligning with its listing plans.

Source: https://www.ndtvprofit.com/markets/exclusive-zepto-receives-sebi-approval-for-1-2-billion-ipo-11321978

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